Dark Forest Capital Management LP Increases Stake in Playtika Holding Corp. (NASDAQ:PLTK)

Dark Forest Capital Management LP grew its stake in shares of Playtika Holding Corp. (NASDAQ:PLTK) by 438.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 114,891 shares of the company’s stock after buying an additional 93,573 shares during the quarter. Dark Forest Capital Management LP’s holdings in Playtika were worth $797,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. State of Tennessee Department of Treasury grew its holdings in Playtika by 7.7% in the 4th quarter. State of Tennessee Department of Treasury now owns 72,007 shares of the company’s stock worth $500,000 after acquiring an additional 5,171 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Playtika by 0.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 536,945 shares of the company’s stock valued at $3,726,000 after purchasing an additional 1,639 shares during the last quarter. Marshall Wace LLP lifted its holdings in Playtika by 26.9% in the 4th quarter. Marshall Wace LLP now owns 455,779 shares of the company’s stock worth $3,163,000 after buying an additional 96,576 shares during the period. Jump Financial LLC grew its position in shares of Playtika by 275.0% in the 4th quarter. Jump Financial LLC now owns 76,531 shares of the company’s stock worth $531,000 after buying an additional 56,121 shares during the last quarter. Finally, Belpointe Asset Management LLC bought a new position in shares of Playtika during the fourth quarter valued at approximately $104,000. Institutional investors own 11.94% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Macquarie reduced their price objective on shares of Playtika from $7.00 to $6.00 and set a “neutral” rating on the stock in a research report on Friday, February 28th. Robert W. Baird reiterated a “neutral” rating and set a $6.00 price target (down previously from $9.00) on shares of Playtika in a research report on Friday, February 28th. Citigroup decreased their price target on shares of Playtika from $10.00 to $9.00 and set a “buy” rating for the company in a research note on Friday, March 7th. Baird R W cut Playtika from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 28th. Finally, Bank of America raised Playtika from an “underperform” rating to a “buy” rating and increased their target price for the stock from $6.00 to $6.50 in a research report on Wednesday, March 26th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Playtika has a consensus rating of “Hold” and a consensus price target of $7.78.

Playtika Stock Up 6.7 %

Playtika stock opened at $5.22 on Friday. The stock’s 50 day moving average is $5.21 and its 200 day moving average is $6.79. The company has a market capitalization of $1.96 billion, a P/E ratio of 9.00, a PEG ratio of 1.69 and a beta of 0.92. Playtika Holding Corp. has a twelve month low of $3.97 and a twelve month high of $9.16.

Playtika Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 21st were issued a dividend of $0.10 per share. The ex-dividend date was Friday, March 21st. This represents a $0.40 annualized dividend and a dividend yield of 7.66%. Playtika’s payout ratio is presently 90.91%.

Playtika Company Profile

Playtika Holding Corp., together with its subsidiaries, develops mobile games in the United States, Europe, Middle East, Africa, Asia pacific, and internationally. The company owns a portfolio of casual and social casino-themed games. It distributes its games to the end customer through various web and mobile platforms and direct-to-consumer platforms.